Nestle to Build Infant Formula Plant in Brazil as Part of $393 Million Investment
6 Articles
6 Articles
Nestle to build infant formula plant in Brazil as part of $393 million ...
In one more step to strengthen operations in the area of Nutrition and Health — one of the four global priorities for Nestlé — the company announces the construction of a new factory of infant formulas in Brazil. Project of R $ 600 million, will be in Ituiutaba, Minas Gerais, and will produce Nestogeno, Nestonuit, Ninho 1+ and Ninho 3+. The initial focus is to supply the demand for the domestic market and then be used as an export hub.
Forbes, the world's most renowned business and economic magazine. Marcelo Melchior, CEO of the company, tells the details of the company, with nutrition and health sector gaining prominence in the strategy The post Nestlé Announces Investment of R$ 7 billion in Brazil until 2028 appeared first in Forbes Brazil.
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